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Maryland resident Jusmin Patel, operator of Jananii LLC, was fortunate to win the state’s recreational marijuana cannabis license lottery twice, setting the stage for her company to potentially open both a dispensary and micro-cultivator business in what’s expected to be a lucrative new market. But despite the lottery being a game of chance, Jananii LLC’s wins weren’t totally by luck. Patel’s company submitted more than 2,300 license applications in the state’s lottery process, paying thousands of dollars in fees for better odds of winning.

The applicants and their backers, who would be among the first to operate in...

The state has announced the names of the first six cannabis retailers moving forward with the licensing process after gaining social equity status. The state Department of Consumer Protection (DCP) on Friday named six retailers, three equity joint ventures, and two micro-cultivators that recently had their social equity status approved and are moving forward with the licensing process, which includes submitting information for a background check and paying fees before receiving a provisional license. The retailers are: 

The applicants and their backers, who would be among the first to operate in...